Colts Free Agency 2023

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Indianapolis Colts Free Agency 2023


The Colts are probably happy to reach the 2023 offseason after a rough 2022. They went 4-12-1 after adding QB Matt Ryan last year. The team fired Frank Reich midseason. Then, Jeff Saturday took over as head coach for the final eight games. Now, the team’s eyes have shifted to free agency and the NFL Draft. Here’s a look at the Indianapolis Colts free agency situation for 2023.

Indianapolis Colts Free Agency Overview

Defensive end Yannick Ngakoue is set to hit free agency after leading the team with 9.5 sacks. The 27-year-old DE ended the season on injured reserve after being the Colts’ best pass rusher. Tyquan Lewis from the defensive line also has an expiring contract and missed time due to injury as well.

Wide receiver Paris Campbell is set to be a free agent after a career-high 623 receiving yards and three touchdowns during the 2022 season. That was second on the team behind Michael Pittman Jr. It was a huge jump in production for Campbell who played just 6 games in 2021.

On defense for Indy, safety Rodney McLeod had career highs in tackles, passes defended, tackles for loss, and interceptions. He played almost all defensive snaps from Week 3 on. The Colts will have to consider that he’s 32 years old before they decide to re-sign him.

Kicker Chase McLaughlin joined the team in Week 2 and ended up going 30-of-36 on field goals. He also made all 21 of his PATs in the kicking game. They’ll need to address special teams as punter Matt Haack also sees his contract expire.

Unrestricted Colts Free Agents

To be an unrestricted free agent, there are a couple of qualifications. An NFL player must have four or more years of experience. On top of that, their contract has to have expired. They can negotiate with any team without any restrictions or draft-choice compensation. Here’s a list of soon-to-be free agents for the Colts who are unrestricted.



Running Backs


Wide Receivers and Tight Ends

Ashton Dulin – WR

Parris Campbell – WR

Kristian Wilkerson – WR

Centers, Guards, and Tackles

Matt Pryor – G

Dennis Kelly – T

Defensive Tackles, Defensive Ends, and Edge Rushers

Byron Cowart – DT

Yannick Ngakoue – DE

Ben Banogu – DE

Tyquan Lewis – DE


Bobby Okereke – LB

E.J. Speed – LB

Cornerback and Safety

Brandon Facyson – CB

Rodney McLeod – FS

Armani Watts – S

Tony Brown – CB

Special Teams

Chase McLaughlin – K

Matt Haack – P

Restricted Free Agents

A restricted free agent is a player who has played for three or fewer accrued seasons and has an expiring contract. The team can assign a tender to the player, which allows them to match any offer the player receives from other teams. The team receives draft compensation if the player signs elsewhere.

2023 NFL restricted free agents for the Colts:


Salary Cap and Roster

QB Matt Ryan is the biggest cap hit for the team in 2023. It’s $35.2 million. The team will likely have some cap space to work with according to projections. The NFL salary cap is $224.8 million for the 2023 season.

General manager Chris Ballard has tough decisions ahead for the franchise as the Colts desperately look to turn things around. Also, the Colts have the fourth pick in the 2023 NFL Draft. Shane Steichen takes over as head coach while the team is keeping defensive coordinator Gus Bradley.

Colts Free Agency 2023 FAQs

When does free agency begin?

NFL free agency will commence on March 15, 2023, when the new league year begins. It begins at 4 p.m. eastern time. The date signifies the start of the new league year and the end of all player contracts. Many players are set to hit the market and gain free agency status.

What is an unrestricted free agent?

An unrestricted free agent is a player whose contract has expired, and they have no ties to their former team. Starting on March 15, they are free to negotiate with any team in the league without restrictions.

What is a restricted free agent?

A restricted free agent can be extended what is called a qualifying offer. If offered, they are still allowed to negotiate with other teams around the league. Their current team is allowed to match any offer.

Can teams talk to players before free agency begins?

There is a “legal tampering” period that begins on March 13. Teams can talk to certified agents but no signings can be made until free agency is official.

Author: Sam Russell

Sam hails from Grandville, Michigan. He has a rich sports background, including playing baseball at Central Michigan before covering high school sports and working with the Orlando Magic. He earned his degree from Central Michigan University and was a member of the 2010 MAC Championship baseball team. Sam grew his knowledge of sports betting while working with Betsperts in various areas such as writing, social media, betting research, and business development. He's a big fan of the NBA, NFL, and MLB, highly interested in data and statistics.